Mathan Somasundaram

Local market was once again at the mercy of global investor currency trade…but this time on the negative side. Market was punting on USD weakness to drive AUD higher…we saw a slight move higher…now they are unwinding positions as negative global market sentiment returns after weak inflation and weak retail data from US. The best performing sectors were Property Trusts, Telecom Services and Consumer Staples while the worst performers were Miners, Energy and Banks.

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